Low-priced car maker Geely Auto H1 net sharply up

Newswire

HONG KONG, Aug 30 (Reuters) - Chinese car maker Geely Automobile Holdings Ltd. said on Monday its first half net profit rose more than 50 times as its auto investments in China, the world's fastest growing auto market, boosted the bottom line.
Geely, which makes low-priced cars in China, earned a net profit of HK$54.43 million (US$6.98 million) in the first six months compared with HK$903,000 in the same period last year, when the company started its auto business, it said in an earnings ...

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